Silex System (SLX)

ASX-listed high technology innovation company
Silex System
’s share price has gained nearly 46 per cent since February following key steps made towards the commercialisation of its carbon free alternative energy technologies. Chief executive Michael Goldsworthy recently told the market the company was confident its efforts would convert to significant commercial opportunities. Earlier this month Silex secured the site for the construction of its first solar power demonstration facility in the US and it has also signed a letter of intent with US nuclear power utilities Exelon, Entergy and TVA towards its commercialisation process. The company is focused on the development and commercialisation of technology across nuclear, solar and advanced materials. It reported a 38 per cent fall in revenue for the half year to $4.1 million – a result in line with expectations – due to a temporary production halt for one of its businesses.